Trading Techniques | JUN 2003
Do Or Die Trading by Bo Yoder
Do Or Die Trading by Bo Yoder Bring consistency to your trading. A s any active trader knows, once a trade is initiated, the market will do everything in its power to convince you that you are an idiot who has just put on the worst trade in the history of mankind. The market will form little false starts and head-fakes, then go dead in the water as it tries to bore you to death. These whips and jiggles ask you constantly, “Are you sure about this trade?” and try to convince you to exit as the stock hacks and gasps its way toward your profit objective. It takes great discipline and commitment to your trading plan to ignore these emotion-laden moves, and they will wreak havoc on your mental state if you’re not prepared for them before you initiate the trade. This discipline and confidence in your trading style comes with time and experience. However, in working with my consulting clients, I have discovered a way to short-circuit this process and bring their trading to a new level of consistency. I call it “do or die” trading. More and more brokers are offering the ability to tie a series of orders together, bringing the “OCO” order (also known as “one cancels the other”), which futures traders have enjoyed for years, into the world of the equity trader.
by Bo Yoder
Technical Analysis of STOCKS & COMMODITIES
The Traders’ Magazine since 1982
has had over 1,226,237 subscribers from 174 different countries.
37,000 Page Traders’ Archive for $89.99
To continue reading, sign-up for trial access to Traders.com and the S&C Archive — 37,000 pages of trading ideas!
After verifying your email address, you will have limited access to the S&C Archive, as well as access to a Digital Edition of S&C, and access to Traders.com Advantage and Working Money for 30 days.
Not a subscriber to Technical Analysis of
STOCKS & COMMODITIES magazine?
Click
here to subscribe, or request
a trial subscription.
Log-in now to view articles from the S&C Archive.
Your Subscriber ID is located at the top of your magazine label, highlighted here in red.
Your last name can be found on the second line, highlighted here in blue.
*If you have a company name on the label, that can also be used. It will appear below your name on the label.
If you do not have a Subscriber ID on your label, you can find it on your statement or renewal form.
For help locating your Subscriber ID number, please call us at 1-800-832-4642 or send an email to Survey@Traders.com. If sending an email, please include your name and mailing address.